Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ACOVEX from Ichtegem, company number BE0473554988, closed financial year 2025 with a result of € -11,929 after tax. For that financial year ACOVEX recorded a gross margin of € 6,443 and equity of € 35,064. Compared with financial year 2024, the result moved from € -14,297 to € -11,929. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 35,064
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11,929
▲ 17 % less loss than in 2024
Profit after tax over the fiscal year.
€ 16,997
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 15,064.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 8,048
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 11,700
▼ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,094
▲ 133% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 49,136 | € -1,490 | € 12,157 | € 6,443 | ▼ 47% |
| Profit after taxes | € 15,157 | € -30,929 | € -14,297 | € -11,929 | ▲ € 2,368 |
| Equity | € 147,478 | € 61,289 | € 46,992 | € 35,064 | ▼ 25% |
| Total debts | € 31,733 | € 82,020 | € 104,212 | € 102,364 | ▼ 2% |
| Cash | € 39,227 | € 24,409 | € 28,844 | € 16,997 | ▼ 41% |
| Land & buildings | € 21,089 | € 11,986 | € 2,925 | € 1,665 | ▼ 43% |
| Retained profit | € 72,218 | € 41,289 | € 26,992 | € 15,064 | ▼ 44% |
| Dividend | € 1,600 | € 0 | € 0 | € 0 | |
| Bank debt | € 16,455 | € 8,921 | € 1,283 | € 0 | ▼ 100% |
| Balance sheet total | € 179,211 | € 143,309 | € 151,204 | € 137,428 | ▼ 9% |
Key figures of ACOVEX, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ACOVEX?
What happened at ACOVEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 11,929. Source: NBB ↗
- New establishment in Torhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,157 profit in 2022 to € 11,929 loss in 2025.
Paid € 8,540 in corporate taxes since 2022.
Best year ever: 2022, with € 15,157 profit.
Paid out € 1,600 in dividends to the owners in total.
Management
Behind ACOVEX is Jan Decorte. Jan Decorte is also behind Koninklijk Werk IBIS.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Steenstraat(ICH) 12
8480 Ichtegem
Alberic Deleustraat 20
8820 Torhout
Active since 8 February 2001
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0473.554.988
- VAT number
- BE 0473.554.988
- Registered office
- Steenstraat(ICH) 12, 8480 Ichtegem
- Names & denominations
- ACOVEX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 2000
- Peppol
- Active · Active since 5 Oct 2025
- Activities · NACE
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